Shares of Bermuda-based ACE Limited look good for investors, according to the latest report from Zack Investment Research.

It has included ACE amongst four companies currently identified by its Upgrades and Revisions Profit Track.

Giving reasons for singling out ACE as a stock to watch, Zack said in a statement: "ACE announced solid third-quarter numbers in late October, which helped the insurer secure a spot on the Upgrades and Revisions profit track.

"Excluding items, earnings per share of $2.06 beat the consensus by more than 13 percent, surpassing this screen's requirement of a 10 percent surprise or more.

"Over the past five years, ACE has enjoyed earnings per share growth of more than 27 percent, bettering this profit track's demanding parameter of a historical growth rate at or greater than 17 percent.

"Furthermore, earnings estimates for this year are up approximately 2.8 percent from one month ago. Given such performance in the present and the past, ACE appears to have good momentum moving forward."